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Decentralized Democracy

House Hansard - 339

44th Parl. 1st Sess.
September 19, 2024 10:00AM
  • Sep/19/24 11:02:56 a.m.
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Mr. Speaker, first off, we have a beautiful country in Canada. I appreciate the member's comments about his own riding, but there is something to be said when flying into Winnipeg and seeing these vast prairies full of food, the grain fields and canola fields, and there is a great deal of beauty. Canada is so rich in its diversity. There is a lot of non-profit housing out there, from different agencies. I was over at 800 Burrows at St. Mary The Protectress Villa, a seniors' complex, non-profit organization, which was celebrating 35 years with a mortgage burning. It was a wonderful event. I raise this only to underline that this building existed because governments, plural, got behind it and supported it. I think that the potential is real, it is tangible, but we have to have partners. The federal government has made it very clear that it is looking to expand in whatever way it can, and it is looking for partners. I think our actions speak louder than words. We have provided significant finances, and we have provided opportunities for those partners to be engaged. We will continue to do so. We want to ensure that we have a housing program that all of us can take pride in.
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  • Sep/19/24 12:50:40 p.m.
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Madam Speaker, we talk a lot about the need for housing affordability and housing attainability, but there is another crisis looming, and that is the mortgage renewal crisis. Right now, there are moms across this country who are worried about renewing their mortgages and the impact that is going to have on overall costs and the ability to put food on the table to take care of the future for their families. I am wondering if the hon. member can speak about that.
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  • Sep/19/24 12:51:06 p.m.
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Madam Speaker, the mortgage crisis, despite what the Liberals will tell us, was caused by them. They allowed the bank governor to jack up the money supply by 23%, and the $600 billion in cash printed spiked inflation. It was not the war in Ukraine that caused inflation. It was not supply chains. It was the watering down of the value of our currency that spiked inflation, which directly led to this mortgage crisis. Now, on top of the affordability problems and on top of everything else, we will start to see people lose their homes. It is catastrophic and very sad.
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